Cruise control: GM buying driverless car technology for $1B

March 14, 2016

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General Motors (NYSE: GM) has announced that it's acquiring autonomous vehicle startup Cruise Automation for a reported $1 billion. This is just the latest step GM has taken to move its self-driving car technologies into the future and keep pace with other major car companies. The most interesting part of the deal is that Cruise raised $12.5 million in Series A funding just six months ago at a valuation of only...